David Strahlberg summarizes Blockbuster's Q4 results for The Media Stock Blog. He points that "Netflix (ticker: NFLX) was not mentioned a single time during the call". Netflix investors take note: here are the stats about Blockbuster Online:
- Subscriber count is 750,000.
- BBI plans to accelerate its investment in the business in order to reach goal of 2 million subscribers by 1Q06.
- Plans to spend $70M in 1Q05 and $120M in 2005 (vs. $50M in 2004);
- Currently has 22 distribution centers, with 8 more coming soon.